Mistras Group, Inc. Financial Ratios — MG Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	86.65	73.77	32.27	35.12	- -	-6.69	9.99	8.09	- -	- -	- -	- -	- -	- -
Return on Assets (%)	7.38	3.29	5.48	3.51	5.17	- -	-0.78	1.1	0.86	-15.26	0.67	1.18	-3.26	3.58	3.06
Return on Capital (%)	51.29	16.08	20.68	11.52	14.65	2.05	- -	3.42	3.81	- -	4.46	6.7	- -	16.94	13.44
Return on Invested Capital (%)	10.53	6.29	7.3	4.38	8.15	8.63	- -	1.9	2.57	- -	2.65	3.22	- -	8.64	9.47
Gross Margin (%)	29.69	28.03	27.74	25.97	28.23	100	26.78	28	29.03	30.13	29.12	28.83	26.12	26.34	28.25
EBITDA Margin (%)	13.76	11.71	10.28	8.22	11.2	8.46	7.62	7.38	8.49	6.86	8.31	7.62	8.41	10.63	11.63
Operating Margin (%)	8.72	6.68	5.72	3.54	6.68	3.73	3.15	2.74	3.34	0.84	3.15	2.78	3.58	6.1	7.35
Incremental Operating Margin (%)	8.61	-2.95	0.3	-11.9	288.28	65.38	-21.53	-4.07	74.5	12.85	19.37	-22.15	34.01	79.88	-154.75
Pretax Margin (%)	7.7	4.58	5.63	3.62	5.34	3.28	-0.03	1.92	1.39	-19.27	1.08	1.35	-2.65	3.32	3.1
Profit Margin (%)	4.89	2.2	3.61	2.26	3.43	- -	-0.31	0.92	0.81	-16.78	0.57	0.95	-2.47	2.6	2.33
Net Income to Common Margin (%)	4.89	2.2	3.61	2.26	3.43	- -	-0.31	0.92	0.81	-16.78	0.57	0.95	-2.47	2.6	2.33
Effective Tax Rate (%)	36.54	52.04	35.69	37.85	35.83	35.64	- -	52.04	41.76	- -	46.58	29.27	- -	21.75	24.72
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	86.65	73.77	32.27	35.12	- -	-6.69	9.99	8.09	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	59	78	98	133	105	- -	181	304	282	245	226	216	218	202	213
ST Debt	12	14	15	27	20	- -	8	11	21	25	34	22	25	28	31
LT Debt	47	64	82	106	84	- -	173	293	261	221	192	194	193	173	182
Total Debt/EBITDA	0.99	1.26	1.52	2.27	1.3	- -	3.4	5.54	4.44	6.04	4.02	4.12	3.67	2.6	2.53
Net Debt/EBITDA	0.53	0.85	1.04	1.76	0.79	- -	2.61	4.84	3.77	4.78	3.17	3.26	2.91	1.95	1.78
Total Debt/EBIT	1.56	2.21	2.74	5.27	2.18	- -	8.23	14.91	11.28	49.46	10.59	11.32	8.62	4.52	4.01
Net Debt/EBIT	0.84	1.48	1.87	4.09	1.33	- -	6.32	13.01	9.58	39.19	8.36	8.95	6.85	3.4	2.82
EBITDA to Interest Expense	19.19	18.86	20.07	12.65	16.91	18.84	12.18	6.89	4.64	3.14	5.17	4.99	3.54	4.54	5.75
EBITDA-CapEx/Interest Expense	15.87	14.74	14.56	9.2	13.51	13.68	7.49	4.23	2.97	1.92	3.4	3.71	2.13	3.2	3.76
EBIT to Interest Expense	12.16	10.75	11.16	5.45	10.09	8.31	5.03	2.56	1.83	0.38	1.96	1.82	1.51	2.61	3.63
Interest Expense	3	3	3	5	5	3	4	8	14	13	11	11	17	17	15
Common Equity/Total Assets	2.31	5.1	9.41	12.27	17.1	- -	11.72	10.35	10.82	-3.7	-3.15	-2.09	-5.35	-1.83	1.27
Long-Term Debt/Equity (%)	24.5	30.33	33.93	43.38	30.54	- -	63.98	108.04	91.31	111.88	95.64	97.55	101.18	87.09	77.44
Long-Term Debt/Capital (%)	70.54	65.44	58.91	55.67	45.02	- -	70.24	77.97	72.52	98.47	92.09	94.58	101.89	90.1	82.52
Long-Term Debt/Total Assets (%)	14.36	16.87	18.53	22.53	17.48	- -	31.25	42.2	36.28	37.83	34.18	36.24	36.04	33.12	31.53
Total Debt/Equity (%)	30.67	37.07	40.25	54.21	37.92	- -	67.02	112.01	98.6	124.45	112.55	108.62	114.17	101.31	90.49
Total Debt/Capital (%)	88.3	80	69.87	69.58	55.9	- -	73.58	80.83	78.31	109.53	108.37	105.31	114.97	104.81	96.43
Total Debt/Total Assets (%)	17.97	20.62	21.98	28.16	21.71	- -	32.73	43.75	39.18	42.08	40.22	40.36	40.67	38.53	36.84
Net Debt to Equity	16.47	24.95	27.49	42	23.1	- -	51.46	97.79	83.8	98.6	88.82	85.92	90.68	76.09	63.65
Net Debt/Capital (%)	54.19	58.53	51.4	57.06	38.39	- -	63.59	75.72	69.46	98.05	96.7	92.56	100.71	87.01	77.66
EBITDA	60	62	64	58	81	58	53	55	64	41	56	52	59	78	84
EBITDA-CapEx	50	48	46	43	64	42	33	34	41	25	37	39	36	55	55
Operating Income (Loss)	38	35	36	25	48	26	22	20	25	5	21	19	25	45	53

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.13	0.11	0.12	0.11	0.22	- -	0.31	0.25	0.14	0.23	0.2	0.2	0.15	0.16	0.23
Current Ratio	2.08	1.94	2.02	1.83	1.94	- -	2.16	2.02	1.64	1.48	1.33	1.62	1.55	1.5	1.74
Quick Ratio	1.76	1.61	1.7	1.54	1.64	- -	1.84	1.73	1.38	1.21	1.1	1.39	1.29	1.27	1.47
CFO/Avg Current Liab	0.55	0.64	0.46	0.55	0.72	1.3	1.24	0.44	0.56	0.62	0.37	0.23	0.24	0.43	0.28
Common Equity/Total Assets	2.31	5.1	9.41	12.27	17.1	- -	11.72	10.35	10.82	-3.7	-3.15	-2.09	-5.35	-1.83	1.27
Long-Term Debt/Equity (%)	24.5	30.33	33.93	43.38	30.54	- -	63.98	108.04	91.31	111.88	95.64	97.55	101.18	87.09	77.44
Long-Term Debt/Capital (%)	70.54	65.44	58.91	55.67	45.02	- -	70.24	77.97	72.52	98.47	92.09	94.58	101.89	90.1	82.52
Long-Term Debt/Total Assets (%)	14.36	16.87	18.53	22.53	17.48	- -	31.25	42.2	36.28	37.83	34.18	36.24	36.04	33.12	31.53
Total Debt/Equity (%)	30.67	37.07	40.25	54.21	37.92	- -	67.02	112.01	98.6	124.45	112.55	108.62	114.17	101.31	90.49
Total Debt/Capital (%)	88.3	80	69.87	69.58	55.9	- -	73.58	80.83	78.31	109.53	108.37	105.31	114.97	104.81	96.43
Total Debt/Total Assets (%)	17.97	20.62	21.98	28.16	21.71	- -	32.73	43.75	39.18	42.08	40.22	40.36	40.67	38.53	36.84
CFO/Total Liabilities	22.99	25.94	18.29	21.98	33.01	- -	19.67	9.85	13.62	17.56	11.7	7.86	7.77	15.47	9.61
CFO/CapEx	3.02	3.22	2.1	3.12	4.21	3.98	2.71	1.97	2.58	4.3	2.19	1.97	1.13	2.18	1.13
Altman's Z-Score	6.06	5.74	5.46	5.21	6.16	- -	4.86	3.98	3.69	2.43	2.96	3.1	3.11	3.6	3.56

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	4.79	4.97	5.06	5.25	5.3	9.93	10.15	5.18	5.27	4.86	6.24	5.9	5.5	5.61	5.14
Days Sales Outstanding	76.26	73.47	72.12	69.55	68.8	36.76	35.95	70.41	69.32	75.03	58.52	61.91	66.36	65.06	71.07
Inventory Turnover	27.52	30.48	37.73	47.4	49.73	- -	97.74	45.38	40.15	31.19	37.18	37.28	36.14	36.11	36.47
Days Inventory Outstanding	13.26	11.98	9.67	7.7	7.34	- -	3.73	8.04	9.09	11.7	9.82	9.79	10.1	10.11	10.01
Accounts Payable Turnover	33.32	37.28	38.3	41.24	48.32	-1.84	101.09	44.34	36.8	28.27	35.38	38.59	35.37	38.12	39.82
Accounts Payable Turnover Days	10.96	9.79	9.53	8.85	7.55	-198.66	3.61	8.23	9.92	12.91	10.32	9.46	10.32	9.58	9.17
Cash Conversion Cycle	78.56	75.65	72.26	68.4	68.59	- -	36.07	70.22	68.49	73.82	58.02	62.24	66.14	65.6	71.91
Inventory to Cash Days	63	61.49	62.45	61.85	61.47	- -	32.22	62.37	60.22	63.33	48.71	52.12	56.26	54.96	61.06
Inventories	12	13	11	11	10	- -	11	13	13	13	13	14	15	14	14
Raw Materials	6	6	6	6	5	- -	7	9	8	8	8	8	9	8	9
Work In Process	2	2	2	2	2	- -	1	1	2	1	1	- -	1	1	1
Finished Goods	4	4	3	3	3	- -	3	3	4	5	5	5	6	5	4
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	627	602	646	530	716	744	667	408	410	226	220	147	222	280	397
- Cash & Cash Equivalents	8	8	10	11	21	- -	28	26	15	26	24	20	18	18	28
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
+ Total Debt	59	78	98	133	105	- -	181	304	282	245	226	216	218	202	213
Enterprise Value	679	672	733	652	800	744	821	687	677	446	422	343	422	464	583
Total Capital	67	97	140	191	187	- -	247	376	360	224	209	205	189	192	221
Total Debt/Capital (%)	88.3	80	69.87	69.58	55.9	- -	73.58	80.83	78.31	109.53	108.37	105.31	114.97	104.81	96.43
Total Debt / EV	0.09	0.12	0.13	0.2	0.13	- -	0.22	0.44	0.42	0.55	0.54	0.63	0.52	0.43	0.37
EV/Sales	1.55	1.27	1.18	0.92	1.11	1.09	1.17	0.93	0.9	0.75	0.62	0.5	0.6	0.64	0.81
EV/EBITDA	11.29	10.84	11.45	11.15	9.93	12.84	15.37	12.54	10.66	10.97	7.5	6.55	7.12	5.98	6.92
EV/EBIT	17.82	19.01	20.58	25.89	16.64	29.12	37.24	33.71	27.08	89.9	19.77	17.99	16.73	10.41	10.95
EV/Cash Flow to Firm	20.32	14.91	18.84	12.37	11.23	11.41	8.39	15.1	10.1	5.64	8.78	10.14	9.95	7.3	13.25
EV/Free Cash Flow to Firm	15.49	11.47	12.98	9.49	9.15	9.17	6.93	10.31	7.53	4.7	6.27	7.26	6.39	5.36	7.97
Diluted Market Cap	647	622	667	548	742	773	667	423	414	226	224	149	222	286	406
Diluted Enterprise Value	698	693	755	670	825	773	821	701	682	446	426	345	422	470	591
EV per Share	24.38	23.88	25.86	22.79	27.71	25.68	28.89	24.18	23.57	15.3	14.27	11.47	13.92	14.99	18.56
TTM Sales	437	529	623	711	719	685	701	742	749	593	677	687	705	730	724
TTM EBITDA	60	62	64	58	81	58	53	55	64	41	56	52	59	78	84
TTM Operating Income	38	35	36	25	48	26	22	20	25	5	21	19	25	45	53
TTM Cash Flow to Firm	33	45	39	53	71	65	98	45	67	79	48	34	42	63	44
TTM Free Cash Flow to Firm	44	59	57	69	87	81	118	67	90	95	67	47	66	86	73

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	15.47	10.91	12.26	8.32	8.8	9.78	8.73	6.74	5.05	2.71	3.64	3.74	4.41	3.92	6.52
EV/EBIT	17.82	19.01	20.58	25.89	16.64	29.12	37.24	33.71	27.08	89.9	19.77	17.99	16.73	10.41	10.95
Enterprise Value	679	672	733	652	800	744	821	687	677	446	422	343	422	464	583
Low Price	14.83	18.15	15.99	15.68	12.65	18.55	17	13.66	12.2	2.77	6.66	3.38	4.85	7.09	7.06
EV/Sales	1.55	1.27	1.18	0.92	1.11	1.09	1.17	0.93	0.9	0.75	0.62	0.5	0.6	0.64	0.81
EV/EBITDA	11.29	10.84	11.45	11.15	9.93	12.84	15.37	12.54	10.66	10.97	7.5	6.55	7.12	5.98	6.92
Price/Earnings	29.39	51.66	28.67	32.93	29.04	- -	- -	59.75	67.68	- -	56.92	22.68	- -	14.78	23.6
Price/Earnings Average	27.58	53.39	25.76	34.85	23.4	- -	-281.61	82.37	68.99	-1.64	73.35	26.33	-11	15.19	17.95
Price/Earnings High	34.21	65.19	31.78	45.34	30.98	- -	-345.77	99.02	80.39	-4.22	96.29	36.9	-14.44	20.29	25.05
Price/Earnings Low	19.33	43.86	20.14	27.9	14.81	- -	-222.09	56.76	57.84	-0.81	51.02	15.55	-8.43	11.57	13.17
Price/Book Value	82.39	31.23	15.45	9.15	8.68	- -	10.26	5.69	5.26	-10.49	-12.42	-13.17	-7.75	-29.24	54.04
Price/Book Value Average	77.32	32.28	13.88	9.68	6.99	- -	9.42	7.84	5.37	-7.58	-16	-15.29	-6.71	-30.06	41.1
Price/Book Value High	95.92	39.41	17.13	12.6	9.26	- -	11.57	9.42	6.25	-19.46	-21.01	-21.43	-8.8	-40.15	57.37
Price/Book Value Low	54.21	26.51	10.85	7.75	4.42	- -	7.43	5.4	4.5	-3.75	-11.13	-9.03	-5.14	-22.88	30.16
Price/Tangible Book Value	10.13	14.13	11.96	19.38	11.26	- -	184.53	-3.42	-3.87	-2.92	-3.44	-2.95	-5.44	-12.59	32.02
Price/Tangible Book Value Average	9.5	14.6	10.74	20.51	9.07	- -	169.43	-4.71	-3.95	-2.11	-4.43	-3.43	-4.7	-12.94	24.35
Price/Tangible Book Value High	11.79	17.83	13.25	26.68	12.02	- -	208.03	-5.66	-4.6	-5.42	-5.82	-4.81	-6.17	-17.29	33.99
Price/Tangible Book Value Low	6.66	11.99	8.4	16.42	5.74	- -	133.62	-3.24	-3.31	-1.04	-3.08	-2.03	-3.6	-9.85	17.87
Price/Sales	1.44	1.14	1.04	0.74	1	1.09	0.95	0.55	0.55	0.38	0.32	0.21	0.31	0.38	0.55
Price/Sales Average	1.35	1.17	0.93	0.79	0.8	0.99	0.87	0.76	0.56	0.28	0.42	0.25	0.27	0.39	0.42
Price/Sales High	1.67	1.43	1.15	1.03	1.06	1.12	1.07	0.91	0.65	0.71	0.55	0.35	0.36	0.53	0.58
Price/Sales Low	0.95	0.97	0.73	0.63	0.51	0.78	0.69	0.52	0.47	0.14	0.29	0.15	0.21	0.3	0.31
Price/Cash Flow	19.98	13.83	17.51	10.63	10.51	11.77	11.95	9.8	6.94	3.34	5.2	5.58	8.3	5.59	12.05
Price/Cash Flow Average	18.75	14.29	15.73	11.24	8.47	10.76	10.98	13.51	7.07	2.41	6.7	6.48	7.18	5.75	9.16
Price/Cash Flow High	23.26	17.45	19.41	14.63	11.21	12.13	13.48	16.25	8.24	6.19	8.79	9.08	9.42	7.67	12.79
Price/Cash Flow Low	13.15	11.74	12.3	9	5.36	8.5	8.66	9.31	5.93	1.19	4.66	3.83	5.5	4.37	6.72
Price/Free Cash Flow Average	14.51	11.28	11.01	8.81	7.09	8.94	8.02	9.29	5.15	1.95	4.69	4.34	3.81	4.03	4.96
Price/Free Cash Flow High	18	13.77	13.59	11.46	9.39	10.08	9.85	11.17	6	5.02	6.15	6.09	5	5.38	6.92
Price/Free Cash Flow Low	10.18	9.26	8.61	7.05	4.49	7.06	6.33	6.4	4.32	0.97	3.26	2.57	2.92	3.07	3.64
EV/Sales Average	1.46	1.31	1.07	0.96	0.92	0.99	1.09	1.13	0.92	0.65	0.72	0.53	0.56	0.65	0.67
EV/Sales High	1.79	1.57	1.29	1.2	1.18	1.12	1.29	1.29	1.01	1.08	0.85	0.63	0.64	0.78	0.84
EV/Sales Low	1.06	1.1	0.87	0.8	0.62	0.78	0.91	0.9	0.83	0.51	0.59	0.43	0.49	0.55	0.56
EV/EBITDA Average	10.65	11.17	10.42	11.68	8.2	11.74	14.35	15.36	10.78	9.42	8.63	7	6.61	6.08	5.79
EV/EBITDA High	13	13.38	12.54	14.56	10.53	13.23	16.96	17.44	11.87	15.72	10.2	8.32	7.62	7.33	7.21
EV/EBITDA Low	7.72	9.37	8.45	9.77	5.57	9.27	11.92	12.16	9.72	7.39	7.09	5.67	5.85	5.19	4.84
EV/EBIT Average	16.81	19.58	18.74	27.11	13.75	26.62	34.76	41.3	27.4	77.22	22.74	19.23	15.54	10.59	9.17
EV/EBIT High	20.53	23.47	22.55	33.81	17.64	30.02	41.09	46.89	30.16	128.84	26.89	22.83	17.92	12.76	11.42
EV/EBIT Low	12.18	16.44	15.19	22.68	9.34	21.03	28.89	32.71	24.7	60.58	18.7	15.56	13.76	9.04	7.66
Last Price	22.54	21.38	22.76	18.51	24.81	25.68	23.47	14.38	14.27	7.76	7.43	4.93	7.32	9.06	12.65
High Price	26.24	26.98	25.23	25.48	26.47	26.47	26.46	23.83	16.95	14.39	12.57	8.02	8.31	12.44	13.43
Enterprise Value Average	640	692	668	683	661	680	767	841	685	383	485	367	392	472	488
Enterprise Value High	782	830	803	852	848	767	906	955	754	639	574	435	452	568	608
Enterprise Value Low	464	581	541	571	449	537	637	666	618	301	399	297	347	403	408

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	28	28	28	29	29	- -	28	29	29	29	30	30	31	31	32
Diluted Weighted Avg Shares	29	29	29	30	30	30	28	29	29	29	30	30	30	32	32
Basic Weighted Avg Shares	28	28	28	29	29	29	28	28	29	29	30	30	30	31	31
Revenue per Share	15.69	18.81	21.98	24.86	24.92	23.65	24.66	26.13	26.05	20.33	22.9	22.99	23.26	23.59	23.05
EBITDA per Share	2.16	2.2	2.26	2.04	2.79	2	1.88	1.93	2.21	1.4	1.9	1.75	1.96	2.51	2.68
Operating Income per Share	1.37	1.26	1.26	0.88	1.66	0.88	0.78	0.72	0.87	0.17	0.72	0.64	0.83	1.44	1.69
Basic EPS, GAAP	0.77	0.41	0.79	0.56	0.85	- -	-0.08	0.24	0.21	-3.41	0.13	0.22	-0.58	0.61	0.54
Basic EPS from Cont Ops	0.77	0.41	0.8	0.56	0.85	0.5	-0.08	0.24	0.21	-3.41	0.13	0.22	-0.58	0.61	0.54
Diluted EPS, GAAP	0.74	0.4	0.77	0.54	0.82	- -	-0.08	0.23	0.21	-3.41	0.13	0.21	-0.58	0.6	0.53
Diluted EPS from Cont Ops	0.74	0.4	0.77	0.54	0.82	0.48	-0.08	0.23	0.21	-3.41	0.13	0.22	-0.58	0.6	0.53
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.13	1.55	1.3	1.74	2.36	2.18	1.96	1.47	2.06	2.33	1.43	0.88	0.88	1.62	1.05
Free Cash Flow per Basic Share	0.75	1.07	0.68	1.18	1.8	1.63	1.24	0.72	1.26	1.79	0.78	0.43	0.1	0.88	0.12
Cash & Equivalents per Share	0.3	0.28	0.35	0.37	0.73	- -	0.97	0.9	0.52	0.88	0.82	0.69	0.58	0.59	0.89
Book Value per Share	0.27	0.68	1.47	2.02	2.86	- -	2.29	2.53	2.71	-0.74	-0.6	-0.37	-0.94	-0.31	0.23
Tangible Book Value per Share	2.23	1.51	1.9	0.95	2.2	- -	0.13	-4.21	-3.69	-2.66	-2.16	-1.67	-1.35	-0.72	0.4

Mistras Group, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)